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Dogecoin (DOGE) has consolidated its recent losses, but several bullish signals call for a potential reversal. The DOGE daily chart has printed a double bullish divergence against the MACD and the RSI indicators, which can limit the short-term downside pressure. Double Bullish Divergence First, DOGE has formed a bullish divergence against the MACD indicator....

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Solana (SOL) had a rough start this year, with its value down more than 23% YTD. Based on the Elliott Wave analysis, SOL is trading down due to an incomplete EW sequence from its all-time high of $259.80. The price action is also showing a confluence of different technical factors that point to a potential reversal: • The 200-day simple moving average, which comes...

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Shiba Inu (SHIB) was one of the top gainers from yesterday's rally in market, gaining more than 13% after breaking above a critical descending trendline. Trendline Breakout Shiba Inu's price is set for a short-term rally after breaking above the descending trendline that connects the lower highs starting from the all-time high of $0.000088, but it faces...

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Bitcoin (BTC) world’s biggest cryptocurrency, started the new year stuck in a very narrow trading range shy below the considerable psychological number of $50,000 and near the critical 200-day simple moving average. The two key factors that can signal we’re bottoming out are: 1. A break above the 200-day moving average 2. RSI break above mid-level 50 Momentum...

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Bitcoin (BTC), the world's largest cryptocurrency, started off the year soaring 129% to a new all-time high of $64,843 before experiencing the biggest crash in nominal terms. From the April 14 high to the June 22 low, Bitcoin lost over $36,000 in value, or 55.59%, before bottoming out. In the second half of the year, the bullish sentiment returned slowly and...

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Yearn.finance (YFI) crossed above the 200-day simple moving average, which indicates the start of a new bullish trend. This is the first daily breakout and close above the 200 SMA since the September failed attempt. High Trading Volume Other technical factors add more confluence to the bullish case scenario, like the rise in the trading volume, which signals...

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Avalanche (AVAX) has been one of the top-performing cryptocurrencies in the past 24 hours, with the price standing above the considerable psychological number of $100. Throughout this analysis, we'll show you how to apply the Elliott Wave theory to identify where we are in the overall bullish cycle. AVAX Elliott Wave Analysis Long-term Elliott Wave analysis...

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For those unfamiliar with the term, "flippening" alludes to the point in time when Ethereum (ETH) outpaces Bitcoin (BTC) in market capitalization. Well, as of December 2, 2021, Ethereum market capitalization is less than 50% away from flipping Bitcoin. Market Cap Comparison According to CoinMarketCap data, Ethereum's market cap stands at over $557 billion...

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NEXO has been pulling back after it reached a 6-month high, but for the bulls to gain control of the market again, you need to watch for these 3 things: 1. Wait for the Stochastic RSI indicator to bounce from oversold readings. 2. The price needs to stay above the 200-day simple moving average. 3. The RSI needs to cross above the mid-level 50. 200-Day Simple...

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As per the Elliott Wave analysis, the Crypto.com Coin (CRO) shows an impulsive price structure that calls for higher prices. CRO has gained more than 57% in the past 7 days, breaking above the mid figure $0.50. CRO is now looking ahead to eye another significant milestone – the $1.00 mark. Elliott Wave Analysis The Elliott Wave analysis suggests that the rally...

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Solana (SOL) has been slowly and steadily moving to the upside like it is climbing a staircase. The staircase effect is an easy way to make sense of the technical picture, and it provides clear support and resistance levels to better time the market. Staircase Effect As the name suggests, the staircase effect happens when the price moves in a stairs-like pattern,...

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Since its inception, Sandbox's (SAND) price has moved in a bullish Elliott Wave sequence. Right now, we have reached uncharted technical territory, which is making it harder to find a possible peak for the current rally. Nonetheless, you can find our predictions below! Elliott Wave Analysis We can count the first wave completed at the $0.094 high. From...

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Based on the Elliott Wave analysis, Bitcoin’s (BTC) rally from the June low of $28,600 to the current all-time high of $67,016 can be labeled as a zig-zag pattern. According to EW, the zig-zag pattern is formed by 3 waves A-B-C, which can be subdivided as follow: 1. Wave A is a 5 wave price formation. 2. Wave B is a corrective ABC price formation. 3. Wave C is a 5...

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OKB has been one of the top-performing cryptocurrencies over the past week, with more than 58% gains. A very rare chart pattern, which on the surface might not say much, is pointing to a trend in the making. The recent explosive move was triggered by the Bollinger Bands squeeze and hook pattern. Bollinger Bands Squeeze Pattern In technical analysis, the...

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Stacks' (STX) rally has paused, and a very volatile consolidation seems to be taking place in the form of a symmetrical triangle. While the symmetrical triangle is a neutral chart pattern, when it appears within an established trend, it tends to break in the direction of the prevailing trend. Symmetrical Triangle Pattern The symmetrical triangle is in the early...

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Shiba Inu's (SHIB) price rally added more than 200% over the past 7 days. According to the Elliott Wave theory, the current rally has an impulsive price structure which favors even more upside. The cryptocurrency has traded consistently higher within an impulsive move that sent the price to a six-month high of $0.000034. Elliott Wave Analysis Based on the Elliott...

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Bitcoin's (BTC) price seems to be following a very unique fractal pattern that suggests Bitcoin's price could hit the $30k support level by the end of the year. If BTC's price follows the same path it had during the first half of the year traders, should expect another pullback before the smart money will get back into the market, but that may not be the...

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OMG Network (OMG) has been moving in an ascending channel from the low of $3.04, indicating a strong underlying uptrend and clear support and resistance zones for trading. As long as the ascending channel remains intact there is a big chance for the bulls to try to challenge the previous swing high of $15.50 Ascending Channel Pattern In technical analysis,...